A Growth Engine for Banks
PayWage’s Salary on Demand solution redefines the bank’s relationship with corporate employees by providing on-demand access to earned income, enhancing financial resilience and promoting financial wellness.
Unlocking new revenue streams for banks
Creating direct transaction revenues along targeted cross-sell & upsell opportunities including loans, savings and more
A customer acquisition channel
Reaching new customers via a service offered to all corporate employees, including customers of other banks
Prompting personalized services with new data
Proactively offering high-intent financial services to customers of all banks based on an understanding of HR data and life events
A Key Channel to Engage with Employees
Banks can now leverage a new channel, accessed by the average Salary on Demand user over 1.5 times/day, to offer the banking services that fit customers’ needs.
How It Works
Track Earnings
Allow employees to monitor their real-time earnings and check the current amount available to withdraw.
The solution requires a single integration between PayWage and the bank to facilitate the full Salary on Demand flow:
Salary on Demand Solution Highlights
Connecting to HR &
Payroll Systems
The solution integrates with all Human Capital Management systems, providing banks with new personalization capabilities.
Proprietary
Risk Engine
PayWage’s risk engine leverages multiple data sources and behavior indicators to minimize all risk for banks.
One-Time
Integration
A single integration with PayWage’s platform enables banks to enjoy multiple connections and full Salary on Demand functionality.
Multiple
Interfaces
PayWage offers the solution as a standalone application, hosted within the bank’s app, or combined with the Banking Keyboard to provide flexibility.
Data-Driven
Recommendations
The solution is fueled with data across PayWage’s platform to optimize the solution and enhance user journeys.
Fully Compliant
& Secure
PayWage’s solution complies with all local regulations and adheres to the highest security standards vetted through penetration tests.